Get the easy stuff first - rent roll and lease end dates, any bills the landlord pays - common area maintenance, maybe water, sewer, taxes, and insurance.

Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

I'm getting good results for our clients with postcards and some paid ads, but I'm looking at implementing cold email and cold calling as well.Any good companies to buy lists from?

Also from what I've read online breaking into the insurance side of things sounds like it requires cold calling and building relationships with those reps vs just registering property in database and waiting.

Direct to seller - cold call.

Water heater 12 years to replacement (may need some service before replacement).Recognize many cap ex items are years away.  

The main issue with rental basement is water if it has water issue usually it is a simple fix .Clean gutters ,discharge gutter  water away 10" away from foundation, make sure you foundation soil is slopped away from it .If you need to buy soil get a clay mix .Cut back any tree too close to the foundation look at the drip line that's how far the limbs are out from the tree .If all that is done still has water buy a sump pump  carry the water to day light away from foundation 10" to 15" .

We're giving them about $90k down but after he sent the paperwork to the attorney he has cold feet and wants to back out of selling.

Water services.

I’m guessing some people wouldn’t love the feel of a cold floor on their feet getting out of bed first thing in the morning?